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EURCHF

EURCHF a turn at the 0.382 Fib 🦐EURCHF on the 4h chart created a perfect double bottom on the recent low. As we know the double bottom play at best ta the end of a doentrend and this is the case. The market started an impulse to the upside and then as the market waves normally do, retrecd to the 0.382 fibonacci level over a support with a spike to the 50% level. How can i approach this scenario? I will wait for the EU market open and IF the price will break above the 4h resistance structure i will consider a nice long order according to the Plancton's strategy rules.
by InkyGrip
6
EURCHF - Trend-Following Setup ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURCHF is has been overall bearish trading inside the falling brown channel, and it is currently sitting around the upper brown trendline. So we will be looking for sell setups. Moreover, the green zone is a strong resistance and round number 1.0. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As EURCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
1
EURCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring EURCHF for a selling opportunity around 0.9900 zone, EURCHF is trading in a downtrend and now seems to be in a correction phase in which pullbacks are extending and approaching the major trend around 0.99 resistance zone. Fundamentally there is sort of uncertainty in the market due to banking sector crisis and market always choose to go towards classic safe havens like CHF and JPY so they are more likely to be bought. Trade safe, Joe.
Short
by JoeChampion
3
EURCHF to turnaround at trend of lower highs?EURCHF - 18h expiry - We look to Sell at 1.0015 (stop at 1.0043) The primary trend remains bearish. Trend line resistance is located at 1.0018. Short term momentum is bullish. Prices expected to stall near trend line resistance. We look for a temporary move higher. Our profit targets will be 0.9951 and 0.9941 Resistance: 0.9997 / 1.0020 / 1.0042 Support: 0.9970 / 0.9950 / 0.9930 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
EURCHF Approaching an important Supply zoneHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 1.0150 zone, EURCHF is trading in a downtrend and now seems to be approaching the trend around 1.01 Support and Resistance zone. If the rejection is confirmed i will be considering 0.985 as a target as it's considered the next major Support and resistance zone. I am considering EUR shorts against CHF as the Swiss Franc is considered a safe haven along with JPY in this type of risky environment. Trade safe, Joe.
Short
by JoeChampion
5
EURCHF 22nd MARCH 2023Monetary policy have a significant impact on the value of a currency. The European Central Bank (ECB) is responsible for setting monetary policy in the Eurozone, including interest rates, the money supply, and other factors that influence the availability and cost of credit in the Eurozone. If the ECB implements expansionary monetary policy, such as lowering interest rates or increasing the money supply, this can increase inflationary pressures in the Eurozone, which can weaken the Euro. On the other hand, if the ECB implements contractionary monetary policy, such as raising interest rates or reducing the money supply, this can help to control inflation and support the value of the Euro. It's also worth noting that the Eurozone has faced challenges in recent years due to the ongoing COVID-19 pandemic. The ECB has implemented a range of measures to support the Eurozone economy, including quantitative easing, lending programs, and other measures to increase liquidity in financial markets. In March 2023, the impact of the pandemic on the Eurozone economy and the effectiveness of the ECB's policy response will likely continue to be important factors to monitor. Other factors that could impact the Euro's value include changes in global economic conditions, shifts in investor sentiment, and geopolitical events. Uncertainty can lead to an increase in demand for safe-haven currencies, such as the Swiss franc, which can in turn strengthen its value. The Swiss franc has traditionally been considered a safe-haven currency due to Switzerland's political neutrality, stable economy, and the country's reputation for financial stability and security. In times of uncertainty or market turbulence, investors may seek to protect their investments by moving funds into safe-haven currencies like the Swiss franc.
Short
by DNP-FX
3
Sell Trade Setup on EURCHFHi Traders, The EURCHF had a really good time trending upwardly inside the ascending before it got broken below the lower bands of the channel. Now it spent 10days to make a correction back to the channel and the 10days pullback falls at the fib 61.8% golden ratio. I will be looking to go short on the first bearish candlestick that close below the Fri 17th candle. However, If the 1st supply zone got broken, then i will will be gunning to sell at the 2nd supply zone. Watchout.
Short
by Adefxc
2